{"id":22197,"date":"2025-04-15T14:46:46","date_gmt":"2025-04-15T14:46:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=22197"},"modified":"2025-04-15T14:46:46","modified_gmt":"2025-04-15T14:46:46","slug":"stablecoin-market-could-grow-to-2t-by-end-2028-standard-chartered","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=22197","title":{"rendered":"Stablecoin Market Could Grow to $2T by End-2028: Standard Chartered"},"content":{"rendered":"
\n

The Guiding and Establishing National Innovation for U.S. Stablecoins (Genius) Act is expected to be passed in the U.S. in the coming months, and that could trigger an almost 10-fold jump in stablecoin supply, investment bank Standard Chartered said in a research report Tuesday.<\/p>\n

U.S. legislation “would further legitimise the stablecoin industry,” analysts led by Geoff Kendrick wrote, adding that “we estimate this would cause total stablecoin supply to rise from $230bn today to $2tn by year-end 2028.”<\/p>\n

Stablecoins are cryptocurrencies<\/a> whose value is tied to another asset, such as the U.S. dollar or gold. They play a major role in cryptocurrency markets and are also used to transfer money internationally.<\/p>\n

The bank noted that the proposed legislation was cleared by the Senate Banking Committee in March<\/a> and looks likely to be passed by Congress and then signed off by President Donald Trump around the middle of the year.<\/p>\n

An increase in stablecoin supply has implications for U.S. Treasury buying and U.S. dollar hegemony, the report said.<\/p>\n

The bank’s estimated increase in stablecoin issuance would require the additional buying of $1.6 trillion of Treasury bills over the next four years.<\/p>\n

“This would be enough to absorb all the fresh T-bill issuance planned for the rest of Trump’s second term,” the authors wrote.<\/p>\n

Increased demand for dollar-denominated stablecoin reserves would result in additional demand for U.S. dollars, the bank said, and this should support dollar hegemony.<\/p>\n

Standard Chartered said it expects the industry to move to the model used by USDC issuer Circle, the second-largest stablecoin issuer, which holds 88% of its reserves in Treasury bills with an average duration of 12 days.<\/p>\n

Tether, the largest stablecoin issuer, holds 66% of its USDT reserves in Treasury bills, the report noted.<\/p>\n

Read more: XRP Could Hit $12.5 Before President Trump’s Term Ends: Standard Chartered<\/u><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Guiding and Establishing National Innovation for U.S. Stablecoins (Genius) Act is expected to be passed in the U.S. in the coming months, and that could trigger an almost 10-fold jump in stablecoin supply, investment bank Standard Chartered said in a research report Tuesday. U.S. legislation “would further legitimise the stablecoin industry,” analysts led by […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-22197","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22197"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/22197\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}